Lyft (NASDAQ:LYFT) Insider Sells $314,691.30 in Stock

Lyft, Inc. (NASDAQ:LYFT - Get Free Report) insider Lindsay Catherine Llewellyn sold 23,661 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $13.30, for a total value of $314,691.30. Following the completion of the transaction, the insider owned 696,850 shares of the company's stock, valued at $9,268,105. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lyft Price Performance

• 3 Major Buybacks Just Dropped—Here’s the Signal Investors See

NASDAQ:LYFT opened at $13.84 on Friday. Lyft, Inc. has a 52 week low of $9.66 and a 52 week high of $25.54. The stock's fifty day moving average is $17.17 and its two-hundred day moving average is $18.98. The company has a market capitalization of $5.51 billion, a P/E ratio of 2.03, a P/E/G ratio of 0.85 and a beta of 1.93. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.31.

Lyft announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the ride-sharing company to repurchase up to 15.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Lyft

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Several large investors have recently bought and sold shares of LYFT. Heartland Advisors Inc. raised its stake in Lyft by 68.2% during the 3rd quarter. Heartland Advisors Inc. now owns 594,800 shares of the ride-sharing company's stock worth $13,092,000 after acquiring an additional 241,250 shares in the last quarter. Nierenberg Investment Management Company Inc. acquired a new position in Lyft in the second quarter valued at $671,000. Savant Capital LLC grew its holdings in shares of Lyft by 78.1% during the second quarter. Savant Capital LLC now owns 427,813 shares of the ride-sharing company's stock worth $6,742,000 after purchasing an additional 187,625 shares during the last quarter. CWM LLC increased its position in shares of Lyft by 52.1% during the third quarter. CWM LLC now owns 819,677 shares of the ride-sharing company's stock worth $18,041,000 after purchasing an additional 280,886 shares in the last quarter. Finally, Abacus FCF Advisors LLC acquired a new stake in shares of Lyft during the third quarter worth about $6,442,000. Hedge funds and other institutional investors own 83.07% of the company's stock.

More Lyft News

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Acquisition/growth signal — coverage highlights Lyft's deal to buy FreeNow, which could expand its geographic footprint and address demand-supply scale benefits (a potential long-term positive for revenue and market reach). Lyft Union Push And FreeNow Deal Reshape Growth And Valuation Outlook
• Positive Sentiment: Local demand promotion — a Houston-area law firm arranged discounted Lyft rides for Rodeo attendees, a small but positive user-acquisition/PR event that can boost local trips. Houston-area law firm to offer discounted Lyft rides from Houston Livestock Show and Rodeo
• Positive Sentiment: Investor visibility — Lyft presented at Bernstein’s Tech, Media & Telecom forum (transcript published), which helps communicate strategy to institutional investors and can support sentiment if guidance or unit economics look favorable. Lyft Presents at Bernstein Insights
• Neutral Sentiment: Analyst stances mixed — JPMorgan reaffirmed a Hold with a $19 target while other shops have trimmed targets; varied price targets leave analyst-driven catalyst limited near term. Where is Lyft, Inc. (LYFT) Headed According to the Street?
• Neutral Sentiment: Options and floor debate — options-flow analysis and commentary (Benzinga/Forbes) show traders positioning around a potential bottom; useful for short-term volatility but ambiguous for fundamentals. What the Options Market Tells Us About Lyft
• Negative Sentiment: Insider selling — an insider sold ~23,661 shares (~$314.7k at ~$13.30), trimming their position; while not a huge block, insider sales can weigh on sentiment when the stock is already weak. SEC Form 4 — Insider Sale
• Negative Sentiment: Labor/headcount pressure — union activity in California and Seattle protests urging Uber/Lyft to stop adding drivers highlight regulatory and labor risks that could raise costs or constrain growth tactics. WA union for Uber, Lyft drivers wants companies to stop hiring
• Negative Sentiment: Safety/PR hit — a reported incident during a ride (Utah passenger safety story) can pressure brand perception and potentially increase compliance/safety costs. Utah woman orders food delivery during a Lyft ride—unaware her driver was plotting something chilling

Wall Street Analyst Weigh In

• MarketBeat Week in Review – 11/03 - 11/07

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Lyft from $26.00 to $18.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 11th. Susquehanna reiterated a "neutral" rating and set a $15.00 price target on shares of Lyft in a research note on Thursday, February 12th. Arete Research set a $20.00 price target on shares of Lyft and gave the stock a "neutral" rating in a research report on Wednesday, December 3rd. Wall Street Zen cut shares of Lyft from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. Finally, Wedbush cut their target price on shares of Lyft from $16.00 to $13.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.66.

Check Out Our Latest Report on LYFT

Lyft Company Profile

(Get Free Report)

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft's platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.

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